Predictive analytics uses historical data, machine learning, and statistical algorithms to forecast future trends and improve decision-making.
In Detail It involves using historical data, algorithms, and machine learning to forecast future outcomes. By identifying patterns and trends, it helps businesses make informed decisions and anticipate risks or opportunities. Industries like finance, healthcare, and marketing use predictive analytics to optimize operations and customer experiences. It combines statistical techniques with data mining to generate accurate predictions. Ultimately, it empowers organizations to stay proactive in dynamic environments.
